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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (668)	1/31/1999 4:31:00 PM
From: John S	Read Replies (3) \| Respond to of 3896

Red, I am responding to you as I do not know yet how to post a general message to the discussion group ! (my first message at SI) As identified by most of you on this discussion group, the fundamentals on MCF are quite good and the potential for improvement is great. I just want to share some of my observations regarding the technical aspect of MCF June-Sept 1997 saw a Consolidation pattern in the 0.80 to 1.30 range as seen on a 2 year daily, semi-logarithmic scale. A breakout on heavy volume took the shares in the 4.00 area. December 16 1998 - January 15 1999 saw a Consolidation pattern in the 1.00 to 1.30 range (very close to the 1997 area and around a brief support area set in the down trend in July 1998) A breakout on very heavy volume moved the price in the 2.50 area It looks now as a new Consolidation pattern is forming on a diminishing volume - perhaps a Flag or a Pennant in the 2.50 to 1.80 area. Those Consolidation patterns are characteristic of fast moves. Now, … the market will tell us what comes next, but if a breakout on heavy volume takes place, a minimum measuring formula would indicate a move comparable to the one that took the price from the previous breakout. This would indicate a 3.75 price area. If, on Monday, we see a dip in the 1.60 area, the pattern would still fit the Pennant Consolidation pattern, subject, of course, to a confirmation breakout. Correct me if my interpretation is incorrect and let's see what next week will bring. Happy trading ! John

To: Rocket Red who wrote (668)	1/31/1999 4:32:00 PM
From: stubbs	Read Replies (3) \| Respond to of 3896

The Rev is way up(700%)but the quarter expenses are up(resulting in a .18 lps versus .03 last year).Take it over 3 quarters am I not seeing revenues up and losses down: 1998 1997 Revenue, from continuing operations $22,374,449 $3,910,910 Net loss $3,390,257 $3,786,083 Loss per share 20 cents 63 cents Am I not seeing something great here or am I missing something.Seems to me without PPL costs of 2.1 mill we show a profit.Why wouldnt one expect positive results Monday?.Why so many negative comments on quarterly?.Also I highly doubt that the article had an affect on the price but I suppose we all look for excuses when south happens instead of north.I am new to I-net stocks but I bought MCF in comparing to others which I couldnt find anyone with these numbers and very shot term profits.I have 40k shares at 2.00 I will be at my post 7:29AM monday to see the direction.Seriously if I'm missing something here please educate me. Stubbs